NYSE:CAGFood
Impairment-Driven Q2 Loss and Soft Outlook Might Change The Case For Investing In Conagra Brands (CAG)
In its recently reported second quarter of fiscal 2026, Conagra Brands posted sales of US$2,979.1 million versus US$3,195.1 million a year earlier, swung from net income of US$284.5 million to a net loss of US$663.6 million, and recorded very large non-cash goodwill and brand impairment charges alongside continued dividend payments and modest organic sales guidance of 1% decline to 1% growth.
These results come as Conagra contends with softening demand, shrinking unit sales and evolving...